Caselaw Update: Determining the Statute of Limitations in Mortgage Foreclosure Cases
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Caselaw Update: Determining the Statute of Limitations in Mortgage Foreclosure Cases

Pursuant to New York’s Civil Practice Law and Rule § 213 (4), a foreclosure lawsuit in New York is governed by six-year statute of limitations. However, determining the starting point for how to compute the statute of limitations can be challenging. Typically, the promissory note underlying a mortgage is payable in installments, and each installment…